Jefferies Financial Group has completed the previously announced sale of Italian wireless broadband provider OpNet’s operations to Wind Tre, a subsidiary of CK Hutchison Group Telecom Holdings.
Under the terms of the sale, which was disclosed in February, Jefferies will receive net cash proceeds of approximately $317m between the 1 August closing date and H1 2025.
Rich Handler, CEO of Jefferies, and Brian Friedman, President of Jefferies, commented: “We are pleased to complete the sale of OpNet’s operation to Wind Tre, the last in a series of transactions that monetised a substantial portion of our legacy merchant-banking assets. Achieving that goal further accelerates our efforts to build the very best ‘pure play’ global investment banking and capital markets firm.”
